Investment
Features
FeesSafety
Academy
More
Pluang+

Tesco holds 28.5% UK market share, boosts profit 9.67% with new growth from Tesco Media and Whoosh.

Company Fundamentals
08 Jul 2026
Seeking Alpha
View Source
Bullish
pluang ai news

Tesco Plc remains the leading supermarket in the UK with a 28.5% market share, showing strong growth and profitability despite tough competition from Lidl and Aldi. In fiscal year 2026, Tesco's profit after tax rose by 9.67% to £1.79 billion, driven by its 'Save to Invest' program and operational efficiencies. New business segments like Tesco Media and the electric scooter rental service Whoosh contributed significantly, with Whoosh UK sales growing 51% and generating £400 million in revenue. Tesco offers investors a 4.4% dividend yield and potential for further gains from expanding market share and scalable new revenue streams.

More News

Alphabet struggles to build AI capacity fast enough; Anthropic secures 5 gigawatts of AI power.

Alphabet struggles to build AI capacity fast enough; Anthropic secures 5 gigawatts of AI power.

Alphabet CEO Sundar Pichai revealed that the company is facing challenges in rapidly expanding its AI capacity to meet demand. Meanwhile, competitor Anthropic has successfully secured 5 gigawatts of AI computing power, highlighting a significant deve...

Market News
Bearish
2 hours ago
Enovis to acquire eCential Robotics, boosting its surgical robotics and technology portfolio.

Enovis to acquire eCential Robotics, boosting its surgical robotics and technology portfolio.

Enovis Corporation has made a binding offer to acquire eCential Robotics, a French company specializing in surgical robotics and enabling technologies. The acquisition, expected to close in Q4 2026 pending regulatory approval, will integrate eCential...

Company Fundamentals
Bullish
4 hours ago
MiniMed reports 17% sales growth, raises FY27 revenue outlook on strong U.S. and international demand

MiniMed reports 17% sales growth, raises FY27 revenue outlook on strong U.S. and international demand

MiniMed started fiscal year 2027 strong with $843 million in net sales, up 17% reported and 16% organically, driven by 13% U.S. growth and 18% international growth. Key product launches like MiniMed Flex™ and pipeline progress including FDA submissio...

Company Fundamentals
Bullish
4 hours ago
Medtronic reports 13.7% revenue growth in Q1 FY27, raises full-year guidance on strong innovation and portfolio performance

Medtronic reports 13.7% revenue growth in Q1 FY27, raises full-year guidance on strong innovation and portfolio performance

Medtronic announced a 13.7% increase in revenue to $9.8 billion for Q1 of fiscal year 2027, driven by strong growth across cardiovascular, neuroscience, and medical surgical segments. The company raised its full-year organic revenue growth guidance t...

Company Fundamentals
Bullish
4 hours ago
Omai Gold reports strong drill results with high-grade gold zones at Wenot deposit in Guyana.

Omai Gold reports strong drill results with high-grade gold zones at Wenot deposit in Guyana.

Omai Gold Mines Corp. announced assay results from 11 new drill holes at its Wenot deposit in Guyana, revealing multiple high-grade gold zones including 5.12 g/t over 40.5m and 11.29 g/t over 10.4m. These results support the company's recent Prelimin...

Market News
Bullish
4 hours ago
banner-footerbanner-footer

Invest & Trade with
#1 Award-Winning Investment Super App